News
One in 10 employees could quit over poor pension benefits – Scottish Widows
The research found the main reason for dissatisfaction was uncompetitive pension benefits compared with other employers, reported by 68%.
Scottish Widows
News
Pension engagement and profitability go hand in hand, say UK firms
Businesses that help employees take an active role in their pensions are also seeing stronger financial results, according to Scottish Widows.
News
TCS completes policy migration for Scottish Widows
The new system will now support servicing for individual savings accounts and mutual funds, and enable digital servicing for customers.
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Northern Ireland and North East face highest risk of retirement poverty – Scottish Widows
Nearly half (48%) of people in these regions could struggle to cover their basic needs when they stop working.
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A quarter of workers doubt they will ever be financially independent – Scottish Widows
37% did not feel confident they could cover unexpected emergencies, while 33% said they had no disposable income left each month.
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Scottish Widows and Her Wealth Network partner to launch website
The site, herwealthnetwork.co.uk, will support women with practical help, in-person events and online resources.
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15 million people at risk of retirement poverty – Scottish Widows
Scottish Widows’ research found that 39% of people in the UK were not on track for a minimum retirement lifestyle, up from 35% in 2023.
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Scottish Widows evolves default with the launch of Lifetime Investment
Lifetime Investment has a high exposure to equities in its growth phase and a shorter de-risking phase, leaving customers’ pension savings invested in higher-growth assets.
Pensions & Retirement
Spring Statement likely to impact savings and pensions, says Scottish Widows
Pete Glancy said: "We are less likely to see the statement used as a platform for new policy announcement beyond tweaks to the public finances."
News
Most employers offer responsible pensions, but few use it as default option – Scottish Widows
Research revealed that 61% of employees were unsure how to make such a switch, indicating a need for more education on pension choices.
News
Scottish Widows grows workplace pension assets to £108bn, boosts digital engagement
Scottish Widows is now the UK’s second biggest defined contribution workplace provider, and a top three individual annuities provider.
Pensions & Retirement
Three-quarters of UK workers expect responsible pensions from employers, research reveals
Despite this, almost half (47%) of workers don't actually know if their workplace pension is invested in a responsible way.